Mortgage debt forgiveness - Spidell

Mortgage debt forgiveness

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Message Board Mortgage debt forgiveness

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    • #275469
      Anonymous
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      Am I correct in my thinking that California does NOT conform to IRS rules on mortgage debt forgiveness? I have a client who received a 1099C for $130,000. For an equity line loan that was forgiven in bankruptcy in 2018. It is excludable on the Federal, but I can’t see any exception for California.

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